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[–] 51 points 3 weeks ago (4 children)

A surgeon bid 20% over asking price to move from Phoenix to Austin, realized he didn’t like living there and moved back. Business Insider somehow blames all of this on new houses being built. Lol.

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  • [–] 8 points 2 weeks ago (1 child)

    He bid 20k over, which is 3% of the asking price of 595k. I agree with the other points, but 20% sounded way off

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  • [–] 3 points 2 weeks ago

    Oh, yeah must’ve misread the 20k as 20%. Point still stands, buying a house at its peak price then immediately selling it will yield a loss. It’s like buying a new car and then complaining that you had to sell it for used car price.

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  • [–] 2 points 2 weeks ago (1 child)

    It literally sounds like he'd never seen Texas before. Especially around the big cities it's a car centric hellscape unless you're in some very specific neighborhoods.

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